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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

Dow Dives Deeply at Opening

The markets fell off a cliff in today's early trading following the long weekend, as they continue to probe bottom.

In the first 15 minutes of trading, the Dow is down 203 points, or 2.6 percent.

The S&P 500 and the Nasdaq are both down more than 3 percent.

What are the markets reacting to?

Perhaps uncertainty.

GM and Chrysler are due to deliver their restructuring plans today, but it's unclear if they will work.

President Obama is set to sign the $787 billion economic stimulus plan today, but it's unclear how quickly that will translate to new jobs or what impact it will have.

-- Frank Ahrens
The Ticker is Twittering!

By Frank Ahrens  |  February 17, 2009; 9:47 AM ET
Categories:  The Ticker  | Tags: Big Three, Dow Jones, Obama, nasdaq, s&p 500, stimulus plan  
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